Tesla Acquiring Michigan-Based Tool & Die Company

Bonnie, how did the Michigan tool and die employees take the news when you notified them?

bonnie said:

I'm just linking a news article! I have no idea. But if I were to guess, I'd suppose they might be excited to be going to work for such a disruptive company.

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Heck, someday they might even be able to *buy* a Tesla in Michigan.

I mean, not soon. But someday.

First they ignore you, then they laugh at you, then they fight you, then you win.

- disputed quote by Mahatma Gandhi

I'm happy to see Tesla's future in Michigan got a little brighter. It may just be the influence they need to get the laws changed so they can sell and service within the state.

At first, when I read the headline from this article posted in IRC, I was hoping it was one of the two major auto suppliers neighboring my workplace, so my car wouldn't feel so alone in the parking lot.

Pilot_51 said:

I'm happy to see Tesla's future in Michigan got a little brighter. It may just be the influence they need to get the laws changed so they can sell and service within the state.

At first, when I read the headline from this article posted in IRC, I was hoping it was one of the two major auto suppliers neighboring my workplace, so my car wouldn't feel so alone in the parking lot.

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I wouldn't be surprised to see Tesla getting more involved in the rust belt. California is great for software and tech, but the rust belt has a tremendous amount of expertise in the the nuts and bolts of what it takes to produce all of the other vehicle parts in high volumes.

I'm guessing that Tesla was subcontracting a lot of their tooling to this company and that commercial matters were slowing things down. At a certain point it was simply cheaper and quicker to buy the company and then they could dictate what gets done and when without getting overcharged.

Riviera tool co. (RIVT) increased alot in value today, the stock reaching as high as 12 000% in worth. How does this affect Tesla?

finance.yahoo.com/echarts?s=RIVT+Interactive#

Related other thread:
Tesla investing in MI, buys a supplier in Grand Rapids

hirox said:

Riviera tool co. (RIVT) increased alot in value today, the stock reaching as high as 12 000% in worth. How does this affect Tesla?

finance.yahoo.com/echarts?s=RIVT+Interactive#

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Turns out this this is NOT the same company that Tesla is buying.

Robert.Boston said:

Turns out this this is NOT the same company that Tesla is buying.

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Here's a good explanation: Regulators halt trading on stock confused with Tesla bid

Looks like FINRA and other regulators will unwind the trades.

Tesla's Gigafactory Looks 'Really Freaking Huge' - Tesla Motors, Inc. (NASDAQ:TSLA) | Benzinga

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not sure that this is related but I find it interesting